New Delhi: As India shifts towards green mobility, non-fossil fuel vehicles have become a necessity. A transition is required from ICE vehicles to non-ICE vehicles such as Natural Gas (CNG), Liquified Petroleum Gas (LPG), Biofuel, Green Hydrogen, and Electric Vehicles (EVs), stated Deloitte’s report on ‘Fuels of the future’. And “Green hydrogen consumption will be escalated from 2040s. As its production brings both independence, and self-sufficiency for India,” Jairaj added.
A report which delves into several aspects of green mobility was unveiled at ETAutoTech Summit 2024. This report was unveiled by Rajendra Petkar, President & CTO, Tata Motors, Kausalya Nandakumar, COO, Mahindra Electric Automobile Ltd, Sumantra Bibhuti Barooah, Consulting Editor at ETAuto, Deepanshu Taumar, Deputy Editor at ETAuto and ETManufacturing, Atul Jairaj, Partner, Deloitte India, and Sajid Malik, Chairman & Managing Director at Genesys International Corporation Ltd.
A well known yet unhighlighted aspect is how India can be self sufficient. The Deloitte report states India’s economy has to be strengthened to reduce import bills and a balance is required to maintain India’s ambitious target of achieving sustainability.
As per reports, India in FY 2023-24 imported 232.5 million metric tonnes (MMT) of crude oil, while in FY23 it recorded 232.8 MMT, highlighting the country’s dependence on imports. To reduce the import, India needs to be independent of fuel, that means India should try to extract/produce in-house fuels instead of importing, says Atul Jairaj, Partner, Deloitte India during the two day event.
The report further talks about its 2070 view on carbon neutrality and its 2045 view on greenhouse gasses. For which Jairaj emphasises that, “not just government, but even corporations have come up with their own internal targets, external targets, and come public with that.”
Explaining further, Jairaj said he believes CNG is the biggest alternative fuel at present, however, he also emphasised how important other fuels are.
Concluding the details about this report, Jiaraj said, it also provides solutions for afterlife of the vehicle (post vehicle usage; scrapping for its components) to provide sustainability.
